Ans: A supply function states the dependence relationship between supply for a commodity or service and the factors or variable affecting it.
Thus the supply function for commodity x can symbolically be stated as follows
Px=Price of product x
Pr= Price of related goods
Pf= Price of factors production
N= NaturalconditionT= Technological condition
T/S= Tax ofsubsidiesU= other determinants
Supply function can also be expressed by linear equation
1 Comments Here::
Function is good but we already knew it.. try post new concept
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